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DAYS TO OPEN A BVI COMPANY

Why choose Futurebooks…

Swift electronic documentation and e-signatures – no courier or notary required.
Singapore bank account for BVI company – we work with all major banks
Business Companies Act expertise – preference shares, convertible notes

Quick Guide to setting up a BVI Company

What you need to know about BVI incorporation

The ease of administration of BVI companies, coupled with the stability of having an internet banking enabled account with one of Singapore’s major banks. Banks here are comfortable with BVI companies, and Futurebooks ensures that you are well prepared to cruise through the initial KYC checks.

Companies are required to maintain their transactional documents such as invoices, expense receipts and bank statements for a period of five years.
There is no corporation tax in BVI. There are no annual accounting and audit requirements either. This makes BVI a great jurisdiction for investment holding companies since there are no requirements to consolidate.

A BVI Company managed and controlled outside of Singapore, is considered a non-resident of Singapore. Singapore’s taxation system is territorial, and taxes income sourced or deemed sourced in Singapore. As such a BVI company is not subject to Singapore taxation or reporting, merely by its usage of a Singapore banking account.

Please do consult with us on your specific case, as the above should not be construed as general taxation advice.

Information on beneficial ownership and company financials are not required to be filed with the British Virgin Islands registrar. Register Of Directors is filed with BVI’s Registry Of Corporate Affairs.

The following basic documents are required of the shareholders and directors:

  • Proof of identification and address
  • Certificate of Incumbency or Business Profile for a corporate shareholder
  • Incorporation does not require a visit to Singapore. You are required to visit Singapore for one day for your bank account opening, which happens in the comfort of Futurebooks’ office.

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Our services All-in Fees (USD) Timeline
Bare BVI Incorporation Package 

  • Memorandum & Articles of Association
  • Issuance of share certificates
  • Appointment of first directors
  • Certificate of incorporation
  • Registered agent and address in BVI
  • Inclusive of all government fees
1,800
one-time
3 days
Bonus Inclusion

  • Perpetual safe hold of your BVI corporate documents in Singapore
FREE
The Essentials
Corporate Secretary

  • Corporate Secretary officially appointed on Registry of Corporate Affairs
  • Maintains Registers of Members, Directors
490
per year
Certificate of Incumbency (COI)

  • Official COI issued by Registered Agent
  • Certification letter by Corporate Secretary
  • Required for bank account opening
290
one-time
5 days
after incorporation
Bank Account Opening

  • With any of the top 3 Singapore banks
  • Open within 7 working days
  • Account opening guaranteed
990
one-time
7 days
after incorporation
Add Ons
Nominee Director for Privacy

  • Corporate nominee director in BVI
  • Acts on instructions of beneficial owner
690
per year
Singapore Mailing Address
Banks in Singapore are required to send physical statements for corporate accounts per MAS.

  • We receive physical bank statements, and safe hold them for you
  • Regular scanning of bank mails to an email address or DropBox of your choice
490
per year
Renewal
BVI Company Renewal

  • Annual company license renewal
  • Registered Agent and Address renewal
  • Inclusive of government fees
1,800
per year

Schedule a call with us to know more about our BVI incorporation package.

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